2018-11-09T09:21:14-06:00 2017-12-31 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2017-01-01 480526038 Lane-Scott Electric Cooperative Inc LANE 6203975327 PO Box 758 Dighton KS 67839 Edwin J Wiltse General Manager 6203975327 2018-11-06 1 Patrick Cooper P00856177 3348347660 2018-11-06 142.154.130.164 2018-11-06 09:46:31 CS P 0C1724741AE0B7B2CBC8A006392FEB2DFBE97CF6 58A221B50A0AB7FF5D57FDB9C2C3D3903606F433 2017 2019-02-21 02:37:17Z Edwin J Wiltse PO Box 758 Dighton KS 67839 18447938 0 X www.lanescott.coop X 1941 KS To provide reliable electric power and related services to our members at the most affordable cost. 9 9 28 0 667832 -40690 0 0 17767040 17686375 -10917 37826 4887 722531 17761010 18446732 0 0 44903 1785807 1025809 536298 0 0 0 14775621 16124627 15846333 18446732 1914677 0 50681965 51621991 34692374 33875389 15989591 17746602 To provide reliable electric power and related services to our members at the most affordable cost. 0 0 We are a Rural Electric Cooperative that provides electrical power to 5,900 services in these Western Kansas Counties: Lane, Scott, Gove, Ness, Finney, Logan, Hodgeman, and Rush. 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 52 0 1 28 1 1 1 0 0 0 0 0 0 16786659 953693 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 0 0 1 0 1 1 0 X Katherine E Lewis 6203975327 PO Box 758 Dighton KS 67839 Richard Jennison Director 2.00 X 7550 0 0 Paul Seib Jr Director 2.00 X 9800 0 0 Ed Gough Director 2.00 X 4950 0 0 Rad Roehl Director 2.00 X 4600 0 0 Chad Griffith Director 2.00 X 3600 0 0 Craig Ramsey Director 2.00 X 7850 0 0 Eric Doll Director 2.00 X 2350 0 0 Harold Hoss Director 2.00 X 9950 0 0 Richard Sorem Director 2.00 X 3550 0 0 Edwin J Wiltse General Manager 40.00 X 191765 0 88334 Katherine E Lewis Finance Manager 40.00 X 104820 0 97179 350785 0 185513 2 0 1 0 Kansas Electric Cooperative PO Box 4267 Topeka KS 66604 Statewide Services - Meetings, Printing, 165276 Global Utility Services PO Box 536 Columbus NE 68602 Pole Testing 123796 NISC PO Box 1147 Mandan ND 58554 Software Services 112550 3 Electric Revenue 221000 16786660 16786660 Capital Credits 221000 899715 899715 17686375 39032 39032 1206 -1206 -1206 -1206 Other Revenue 221000 722531 667832 54699 722531 18446732 17686375 667832 92525 X 1785807 536298 1168087 1496428 Cost of Goods Sold - 99 708522 Cost of Power 9715189 Distribution Expense - 1318249 Administrative & Genera 1080465 637687 18446732 2244134 3184504 1662771 1466861 354172 393723 1251593 1095052 49647130 14524413 35431586 35122717 9737709 10359134 50681965 51621991 1515336 1656666 84090 74080 33092948 32144643 34692374 33875389 X 139443 139672 0 0 15850148 17606930 15989591 17746602 50681965 51621991 X 0 1757011 X 0 1 X 1 0 80718 80718 2482059 968404 1513655 47084353 13556009 33528344 35122717 Subordinated Certificates 222420 F Investments in Associated Organizations 10108791 F Other Investments 27923 F 10359134 X 17738210 0 17738210 708522 708522 18446732 15952402 0 15952402 2494330 2494330 18446732 Part X, Line 2: The Cooperative has a letter of exemption from Federal income tax, issued by the Internal Revenue Service, and files IRS Form 990 annually. An evaluation of whether or not it has any uncertain tax positions is determined on an annual basis by the Cooperative. While the Cooperative believes it has adequately provided for all tax positions, amounts asserted by taxing authorities could be different than the positions taken by the Cooperative. The Cooperative recognizes any interest and penalties assessed by taxing authorities in income tax expense and, with few exceptions, is no longer subject to federal, state, or local income tax examinations by tax authorities for years before 2014. Part XI, Line 4b - Other Adjustments: Reclassification of revenue/expense items from F/S 708,522. Part XII, Line 4b - Other Adjustments: Margins assigned to members 1,785,808. Reclassification of revenue/expense items from F/S 708,522. X X 0 0 0 Edwin J Wiltse General Manager 191765 0 0 0 0 0 71535 0 16799 0 280099 0 0 0 Katherine E Lewis Finance Manager 104820 0 0 0 0 0 73715 0 23464 0 201999 0 0 0 Form 990, Part VI, Section A, line 6 Lane-Scott Electric Cooperative, Inc. is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the cooperative's bylaws. Form 990, Part VI, Section A, line 7a All Board members are elected by the membership. Form 990, Part VI, Section A, line 7b Governance decisions such as amending bylaws, electing Board of Trustees, and self-regulating are reserved to members. Form 990, Part VI, Section A, line 8b Lane-Scott Electric Cooperative, Inc. does not have a committee with authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The Finance Manager checks the numbers from the Form 990 against the Form 7 and reads through the Yes/No answers. The General Manager also reviews the Form 990. Form 990, Part VI, Section B, line 15 Surveys are used to determine compensation. The Board of Directors also approves changes to compensation. Form 990, Part VI, Section C, line 19 Lane-Scott Electric Cooperative's governing documents, conflict of interest policy, and financial statements are available to the public upon request at the main office in Dighton, Kansas. Form 990, Part, IX, Line 4 The instructions to the 2017 Form 990 indicate that organizations exempt under Section 501 (c)(12) should report "patronage dividends paid" to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2017. For 2016 margins retired were used rather than margins assigned. Form 990, Part XI, line 9: Retirement of capital credtis -29,160. Other changes 363. Assignment of Current Year Margins to Members 1,785,808.